Abstract
Government incentives are undoubtedly key drivers and catalysts behind the rapid take-off of the environmental technology industry around the world. The same sets of incentives (financial, legal, and regulatory) could also play a key role in attracting private investments in environmental technologies in the Kingdom of Saudi Arabia. Needless to say, however, the green technology sector consists of a wide range of business channels that transcend across three broad segments, namely environmental services, environmental equipment, and environmental resources. The key question is which of these business channels have the potential of offering the most profitable investment opportunities.
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Notes
- 1.
Calculated from Table 1.
- 2.
These EU countries are: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and UK.
- 3.
Equation 3 is a replica of Eq. 1 but with environmental subsidy added to it, while Eq. 4 is a replica of Eq. 2 plus subsidy. In Eqs. 3 and 4, however, the number of observations has dropped to 100, from 140, as four countries did not offer environmental subsidy throughout the estimation period 2001–2010. In Eqs. 3 and 4, the estimated coefficient of the additional variable (environmental subsidy) is positive and statistically significant, implying that a 1 % increase in environmental subsidy would stimulate investment in green business by between 0.36 and 0.44 %, respectively.
- 4.
The Economist (2012), ‘Fracking Great: The promised gas revolution can do the environment more good than harm’, 2 June.
- 5.
- 6.
KPMG (2011).
- 7.
3 LEGS Resources (2011).
- 8.
US Environmental Protection Agency, ‘Green Buildings’, http://www.epa.gov/greenbuilding.
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© 2014 Springer International Publishing Switzerland
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Taher, N., Hajjar, B. (2014). Environmental Business Channels. In: Energy and Environment in Saudi Arabia: Concerns & Opportunities. Springer, Cham. https://doi.org/10.1007/978-3-319-02982-5_5
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DOI: https://doi.org/10.1007/978-3-319-02982-5_5
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